Can I retire at age 70 with 6,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $6,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$561,538$556,536$551,656$546,893$542,242$533,039
2 years$277,989$272,812$267,794$262,929$258,210$248,967
3 years$183,485$178,285$173,280$168,461$163,819$154,824
4 years$136,242$131,059$126,104$121,367$116,837$108,158
5 years$107,904$102,752$97,862$93,221$88,818$80,480
6 years$89,018$83,904$79,087$74,550$70,279$62,292
7 years$75,534$70,463$65,722$61,292$57,155$49,522
8 years$65,425$60,400$55,737$51,416$47,416$40,135
9 years$57,566$52,589$48,006$43,795$39,931$32,997
10 years$51,283$46,354$41,853$37,752$34,023$27,431
11 years$46,146$41,267$36,847$32,855$29,261$23,004
12 years$41,868$37,039$32,701$28,819$25,357$19,427
13 years$38,251$33,472$29,216$25,442$22,112$16,499
14 years$35,153$30,425$26,250$22,585$19,383$14,078
15 years$32,471$27,794$23,701$20,142$17,066$12,059
16 years$30,127$25,500$21,488$18,035$15,083$10,364
17 years$28,060$23,485$19,553$16,204$13,374$8,931
18 years$26,225$21,701$17,850$14,603$11,891$7,714
19 years$24,585$20,112$16,341$13,195$10,599$6,676
20 years$23,111$18,689$14,997$11,951$9,467$5,787
21 years$21,779$17,408$13,794$10,846$8,472$5,024
22 years$20,570$16,250$12,713$9,862$7,594$4,367
23 years$19,467$15,198$11,738$8,981$6,817$3,800
24 years$18,458$14,240$10,856$8,191$6,127$3,310
25 years$17,531$13,364$10,055$7,481$5,514$2,885
26 years$16,677$12,560$9,325$6,840$4,966$2,517
27 years$15,888$11,820$8,659$6,261$4,478$2,197
28 years$15,156$11,138$8,050$5,736$4,040$1,918
29 years$14,476$10,507$7,491$5,260$3,648$1,676
30 years$13,842$9,923$6,978$4,828$3,296$1,465
31 years$13,250$9,381$6,505$4,434$2,980$1,281
32 years$12,697$8,876$6,070$4,075$2,696$1,120
33 years$12,178$8,406$5,667$3,747$2,440$980
34 years$11,690$7,967$5,295$3,448$2,209$857
35 years$11,232$7,556$4,950$3,174$2,001$750
36 years$10,800$7,172$4,631$2,923$1,813$657
37 years$10,392$6,812$4,335$2,693$1,643$575
38 years$10,007$6,474$4,059$2,482$1,489$504
39 years$9,642$6,156$3,803$2,289$1,351$441
40 years$9,297$5,857$3,565$2,111$1,225$386
41 years$8,969$5,575$3,342$1,948$1,111$338
42 years$8,657$5,309$3,135$1,798$1,009$296
43 years$8,361$5,059$2,942$1,659$915$260
44 years$8,079$4,822$2,762$1,532$831$227
45 years$7,811$4,598$2,593$1,415$754$199
46 years$7,555$4,387$2,435$1,307$685$175
47 years$7,310$4,186$2,288$1,208$622$153
48 years$7,076$3,996$2,150$1,116$565$134
49 years$6,853$3,816$2,021$1,031$513$117
50 years$6,639$3,645$1,900$953$466$103

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $6,800,000, adding $2,854 every year, while hoping to spend $54,416 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 54/36/10 Blend
69$6,800,000$6,800,000$6,800,000$6,800,000
70$7,496,544$7,136,144$7,030,744$7,882,340
71$8,203,293$7,427,917$7,208,376$8,436,084
72$8,980,307$7,732,163$7,390,134$9,032,288
73$9,834,695$8,049,435$7,576,100$9,679,895
74$10,774,290$8,380,314$7,766,356$10,383,793
75$11,807,723$8,725,404$7,960,984$11,149,355
76$12,944,500$9,085,339$8,160,067$11,982,487
77$14,195,099$9,460,781$8,363,689$12,889,681
78$15,571,063$9,852,422$8,571,936$13,878,079
79$17,085,109$10,260,988$8,784,893$14,955,530
80$18,751,250$10,687,237$9,002,647$16,130,668
81$20,584,927$11,131,961$9,225,285$17,412,991
82$22,603,151$11,595,989$9,452,894$18,812,944
83$24,824,669$12,080,189$9,685,563$20,342,020
84$27,270,136$12,585,469$9,923,380$22,012,862
85$29,962,312$13,112,778$10,166,434$23,839,382
86$32,926,273$13,663,110$10,414,816$25,836,888
87$36,189,655$14,237,504$10,668,614$28,022,226
88$39,782,906$14,837,048$10,927,918$30,413,937
89$43,739,578$15,462,879$11,192,820$33,032,425
90$48,096,644$16,116,189$11,463,408$35,900,151
91$52,894,843$16,798,224$11,739,774$39,041,839
92$58,179,067$17,510,287$12,022,006$42,484,706
93$63,998,783$18,253,742$12,310,195$46,258,712
94$70,408,503$19,030,019$12,604,430$50,396,844
95$77,468,292$19,840,612$12,904,800$54,935,422
96$85,244,340$20,687,084$13,211,393$59,914,433
97$93,809,585$21,571,074$13,524,297$65,377,909
98$103,244,400$22,494,294$13,843,599$71,374,334
99$113,637,353$23,458,538$14,169,383$77,957,100
100$125,086,041$24,465,685$14,501,735$85,185,003